Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Investing

Main Street Getting What it Deserves

By

Banks are picking up the pace in lending to those who need it: small businesses and entrepreneurs. The Fed’s mis-guided policies have fattened the coffers of Wall Street and the well connected for far too long. With the end in sight for QE bank lending is beginning to go where it belongs, into the hands […]

How Investor’s Are Getting Strong Armed

By

You need to sit up and pay attention. As if managing money weren’t hard enough already, there’s some fine print I want you to understand. The issue is whether your investment advisor/broker works under a fiduciary or suitability standard. There’s a big difference between the two. When you work with a broker, he is guided […]

Small Business Profile: Island Creek Oysters

By

Becky and I are familiar with the Island Creek success story because good friends of ours live in Duxbury, MA and hang-out with the founder and CEO Skip Bennett. If you like oysters, then you’ll love Island Creek Oysters. What’s great about Skip’s incredible story is that it was his desire for independence that drove […]

For Amazon and Bezos, the Sky Is Not the Limit

By

Amazon’s Jeff Bezos is committed to what Jeff calls Kaizen, the Japanese business philosophy of continuous improvement. Read here from Wired magazine how Bezos hopes to get stuff to us all more quickly and cheaply through the use of drones. “Nineteen years ago, I drove the Amazon packages to the post office every evening in […]

As Rich as Bill Gates

By

What do Bill Gates, Warren Buffett and Paul Krugman have in common? Higher taxes for you. Mr. Gates believes that when tax rates are below 50 percent there’s room for additional taxation. That’s just great.  As long as they’ve made their money, right? Rolling Stone interview: Rolling Stone: Let’s talk about income inequality, which economist Paul Krugman […]

It’s Never too Early to Retire

By

Controlling what you spend has some benefits. Forbes talked to two extreme early retirees and developed a three step process that could work if you don’t mind forgoing some of the finer things. Here’s the three-step process Fisker, Mr. Money Mustache and others recommend to pull it off: 1. Embrace a very frugal lifestyle. That means cutting back […]

The Rich Man

By

Your approach to this market needs to be like that of my favored prognosticator: the rich man. You see the rich man, as Dow theory legend Richard Russell says, doesn’t need the markets. RULE 3: RICH MAN, POOR MAN: In the investment world the wealthy investor has one major advantage over the little guy, the stock […]

Public Pension Madness

By

Alternative investments or hedge funds line the pockets of the well connected, not the public sector retirees that invest in them. Politicians like alt investments because they connect them with the monied class. I like the idea of investing public sector pension money in risk free Treasuries. But the Federal Reserve’s zero percent interest rate […]